RED RIVER BANCSHARES INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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Jun 30, 2024 · Filed Aug 9, 2024
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Item 5. Other Information
On August 6, 2024, the Supplemental Executive Retirement Benefits Agreement (“SERP”) with each of Isabel V. Carriere, Andrew B. Cutrer, G. Bridges Hall, IV, Bryon C. Salazar, Tammi R. Salazar, and Debbie B. Triche was amended to adjust the vesting schedule of each officer’s benefits. Each SERP previously provided that the officer would be entitled to receive the maximum annual benefit provided under the SERP (“Full Benefit”) when he or she reached the age of 65. As amended, each SERP now provides that the officer will be entitled to the Full Benefit on December 31, 2028. The total benefits payable to each officer under his or her SERP was not changed by the amendments.
Also on August 6, 2024, the SERP with R. Blake Chatelain was restated, to consolidate his original SERP and all previous amendments into a single document, and to make non-substantive changes. No material changes were made in the restatement of Mr. Chatelain’s SERP.
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